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AIG is in the process of unwinding its large derivative-trading book; in the past few months, it has terminated as much as $1.1 billion in derivative contracts. Traders say Goldman Sachs, Citigroup and others have either driven hard bargains with AIG or made specific trades that would benefit from...

Author: /time Magazine | Title: Have AIG's Trading Partners Profited from Its Distress? | 4/2/2009 | See Source »

Sankaranarayanan's study involved more than 130,000 women, ages 30 to 59, who were randomly divided into three test groups and a control group. Women in the test groups were screened using one of three tests: a pap smear, an HPV test or a visual inspection of the cervix...

Author: /time Magazine | Title: HPV Test Screens Best for Cervical Cancer | 4/2/2009 | See Source »

Kravitz and his research team have been documenting, on video, exactly how far fruit flies are willing to go for their prize. In this fight club, the arena is a small dish, in the center of which is either a patch of food or the head of a female. (If...

Author: /time Magazine | Title: What Good Is Sleep? New Lessons from the Fruit Fly | 4/2/2009 | See Source »

The jockeying around these amendments in the Senate - which are nonbinding, like the overall budget plan - speaks to how intense the energy-reform maneuvering is already. The fact that the amendments - several more of which are in the pipeline - are coming through the Senate shows the impatience of members of...

Author: /time Magazine | Title: Congress Launches Opening Gambits on Global Warming | 4/1/2009 | See Source »

In other words, China will seek to spend more, and the U.S. will seek to spend less. Many economists are critical of the lack of specific policy solutions beyond these acknowledgements, saying the imbalances and the resulting distorting effects on currency exchange rates should have been a central agenda item...

Author: /time Magazine | Title: The G-20's Hidden Issue: A Global Trade Imbalance | 4/1/2009 | See Source »

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